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Hedera HBAR Nears Critical Support as On-Chain Signals Suggest Possible Rebound
Hedera HBAR Nears Critical Support as On-Chain Signals Suggest Possible Rebound
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[TRADE_PLUGIN]HBARUSDT,HBARUSDT[/TRADE_PLUGIN]
Hedera HBAR News -
Hedera's HBAR token is testing crucial support at $0.22 amid increasing sell pressure. The altcoin's position NEAR its 20-day exponential moving average indicates weakening short-term momentum—a breakdown could trigger further declines.
However, blockchain data paints a different picture. Liquidation heatmaps and exchange netflows show building bullish divergence. Market makers appear to be absorbing sell orders at current levels, setting up a potential rebound scenario.
Technical analysts observe the 20-day EMA has consistently supported HBAR during its 2023-2024 accumulation phase. A quick recovery above this level might activate algorithmic buying across derivatives platforms.
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